If you have B-Class properties getting a reasonable, responsible and sophisticated cash paying tenant is a lot easier thus making the cons of section 8 not worth it.

You pay payroll taxes on your salary, but you only pay income taxes on the rest (not payroll taxes or self-employment taxes). 

I'm going to assume that you are sophisticated in understanding the property location, the growth in that particular neighborhood, particularly for employment as well as companies that are moving in or out of your specific neighborhood. 2nd I'm assuming that you know what the socio economic trends are of the property without that knowledge there's no sense in even doing what everybody above has recommended.

I've seen T12s on small properties that have twice the amount of payroll as required because they had too many employees.

For the majority of 2017, I paid myself outside of payroll ($5K was paid to me thru payroll and $20K were just 'owner withdrawals' - my acc'tant said they must be recorded as "profit distributions").So, for 2017, I've been left with the following #s:- S-Corp profit: $10K- (personal) W2: $5K- (personal) profit distribution ("earnings"?)

Contractor provides reports and shows the payroll.

Hi @Eric Dietrich, taking out a loan against your 401k is certainly a savvy strategy that more sophisticated clients take on.However, it does not have to be a binary choice.

I am a sophisticated investor that is unaccredited.

Does anyone know if Schedule E income can be used (instead of Schedule C) for determining payroll income (owner) for PPP?

@Christy Greene There are some deals offered to non-accredited rather sophisticated investors.